It's no Alibaba, but the Citizens Financial Group offering is important to the market.
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A recent acquisition will give the conglomerate a larger presence in markets such as China and Brazil.
The company aims to drive revenue growth from the acquisition to help arrest the continuing decline in top-line. The decline is in part attributable to major divestitures, including that of NBC Universal.
And stop fixating on Research In Motion, Nokia and Yahoo.
And why don't they spend more time talking about Sprint (S)?
I have no idea how the turn will go at Yahoo. I do know that it will not be a quarter or two turn. Maybe three? Perhaps four. The company has no mobile, social or cloud strategy. Until it does, I think you've got some real flat-lined time on your hands.
A new report shows weakness in Chinese trade. US import prices fall unexpectedly. JCPenney reports disappointing earnings. RIM may have found a buyer for part of its business.
Updated at 12:00 p.m. ET
Stocks declined Friday, yet trimmed losses midday, as worse-than-expected Chinese export data added to fears that the global economy is slowing.
New data indicate that growth is slowing in China, affected by the debt crisis in Europe and the anemic growth in the U.S., as well as by domestic weakness. Investors still hope Beijing will soon step up its stimulus efforts, as the world relies on the country to help pull global growth out of its slump.
Already about 70% of the cars the company sells in North America are made in the region. Now it wants to increase production.
The Toyota Camry has been the No. 1 American-made car for four years straight, according to an annual survey from Cars.com. In fact, Toyota and Honda (HMC) have four out of the top five vehicles on that index. Ford's (F) F-150 is in second place.
Toyota is looking to increase its North American production as a hedge against the strong yen, the Associated Press reports. Already, about 70% of the vehicles Toyota sells in North America are made in the region. In the last year, Toyota said it would hire 3,500 workers in North America and pour $1.6 billion into its factories.
Considering the conpany's fundamentals, Zacks maintains a long-term 'outperform' recommendation on this stock.
By Zacks Equity Research
Tenet Healthcare Corp. (THC) reported second-quarter income from continuing operations of 10 cents per share, surpassing the Zacks Consensus Estimate of 5 cents, as well as the prior-year quarter’s earnings of 8 cents.
Operating income for the quarter inched up to $42 million from $40 million recorded a year earlier.
Growth in revenue arising from higher adjusted admissions, outpatient visits and surgeries led to the year-over-year improvement in earnings. However, the growth was partially offset by the rising operating expenses.
The economy doesn't show signs of picking up, leaving plenty of running room for the People's Bank.
What exactly do investors get in the deal? No voting power and a team saddled with debt.
Think the Facebook (FB) IPO was bad? Get a load of Manchester United (MANU), which will go public Friday. This is a first-class stinker.
The Glazer family, which took the famous soccer club private in 2005, was hoping the IPO would value the team at more than $3 billion -- far higher than the worth of Spain's Real Madrid, Bloomberg reports. But when shares priced late Thursday at $14 each, the club was valued at just $2.29 billion. The offering, which gives Manchester United the ticker MANU, will likely raise about $234 million.
What do shareholders get for their investment? No say in anything -- the Glazer family will retain nearly 99% of the voting power -- and a piece of a club with a crushing $680 million debt.
For a number of reasons, customers are fleeing pay TV.
That could be one explanation for the increased level of cord-cutting cable TV companies have reported for the second quarter.
DIRECTV (DTV), the leading satellite TV provider in the country, lost some 52,000 homes in the second quarter, which was the first time it had ever experienced quarterly losses.
Time Warner Cable (TWC) also lost 169,000 subscribers, more than analysts had predicted. The company still has 12.3 million customers in all, but that nevertheless marks 10 straight quarters of subscriber losses for Time Warner Cable.
Stocks are lower despite jobless claims, which came in below expectations for a second straight week.
Among other companies reporting earnings Wednesday night and Thursday morning, Seattle Genetics (SGEN), Allscripts (MDRX) and Brinker (EAT) advanced, while Monster Beverage (MNST), Kohl's (KSS) and Advance Auto Parts (AAP) declined.
Among the notable gainers were E-Trade (ETFC), up 6%, after the firing of its CEO sparked speculation that the company may be readying itself to be purchased, and Robbins & Myers (RBN), up 27%, following its acquisition by National Oilwell Varco (NOV) for $60 per share in cash.
A California judge overturns a jury decision, saving Research In Motion millions of dollars.
Research In Motion (RIMM) is celebrating Thursday after announcing that the judge presiding over its patent infringement trial with Mformation Technologies has overturned the jury's verdict, saving RIM more than $100 million.
In July, the BlackBerry maker was ordered to pay $147.2 million to Mformation Technologies. District Chief Judge James Ware of the San Francisco division of the U.S. District Court for the Northern District of California overturned the July jury verdict as a matter of law. The judge granted RIM's motion and concluded that the evidence did not support the jury's verdict.
The film studio has big plans to make its mark on China.
DreamWorks Animation (DWA) announced Tuesday that it plans to create a $3.2 billion cultural and entertainment district in Shanghai, with the help of some powerful Chinese partners. If all goes according to plan, the riverfront complex, called the Dream Center, will one day rival New York City's Broadway theater district, and London's West End, with theaters, performance halls, and more.
Is DreamWorks dreaming a little too big, or can it pull this off? Here, a brief guide:
These low-risk picks meet the investment guru's criteria.
Known as the Father of Value Investing, Benjamin Graham inspired Mario Gabelli, John Neff, John Templeton and, most famously, Warren Buffett. All were Graham disciples who went on to their own stock market greatness.
Born in England in 1894, Graham built his reputation -- and fortune -- by using an extremely conservative, low-risk approach to investing. To Graham, an investment wasn't something that could be turned into quick, easy profits. Anything that offers "easy" rewards also comes with substantial risk -- and Graham abhorred risk.
3 homebuilders are upgraded at JPMorgan, and Select Medical is downgraded at 3 firms.
Thursday's noteworthy upgrades include:
The advertising company reported a profit after posting a loss in the previous quarter.
By Zacks Equity Research
Lamar Advertising Company (LAMR) reported its financial results for the second quarter 2012 on August 8. Earnings per share stood at 15 cents compared with 12 cents in the year-ago quarter and a loss of 25 cents in the previous quarter.
Second quarter results were in line with the Zacks consensus estimate of 15 cents per share.
Are things so bad in the sector that we have to buy it?
Things are so bad in tech land that we have to buy? Look, how else can you figure the big push for Cisco (CSCO) on Thursday by both Goldman Sachs and Piper Jaffray? Each is proclaiming proprietary knowledge that this time is different and that business is actually coming on strong. How else can you rationalize that twin Cisco call? This came even as Rick Hamada, the terrific chief executive officer of Avnet (AVT), said business fell off a cliff for the big-tech supermarket in June and July.
We are at a very weird moment in tech. Avnet, with its hundreds of thousands of customers, big and small, has a fabulous handle on tech demand and the company. Demand had been cruising in April and May and the first part of June -- and then got crushed in the last two weeks of June. July was no worse but not better either. That caused Avnet to miss the quarter and tell a very downbeat near-term story.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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